FAO receives US$15m to support research in food security and nutrition

CHINA – The Food and Agriculture Organization of the United Nations (FAO) has received CNY100 million ($15 million) donation from the Ningxia Yanbao Charity Foundation. FOA said the donation will be used to establish a […]

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to boost local malt production

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help […]

Nestle’s Garden of Life brand launches range of protein beverages in the US

USA – Nestle owned Garden of Life brand, which produced range of vitamins and supplements, is expanding into the ready-to-drink segment with the launch of two protein beverages. The brand is introducing Garden of Life […]

Ethiopian firm invests US$20m in two water bottling plants

ETHIOPIA – A local Ethiopian investment firm, Gold Group has built two water bottling plants in separate parts of Oromia Regional State, Southern Ethiopia worth 600 million Br (US$20m) investment. Gold Group has set up […]

MAN appoints Anegbe as new chairman of food and beverage sector

NIGERIA – Manufacturers Association of Nigeria (MAN) has appointed Chief Patrick Anegbe as its new chairman of its Food, Beverage and Tobacco (FBT) sectoral group. Anegbe will hold the new office alongside his position as […]

Three start ups announced winners of Nestlé Sub-Saharan Africa innovation challenge

AFRICA – Nestlé has announced the winners of the Sub-Saharan Africa innovation challenge that was launched in May 2019 as part of its efforts to contribute to the local innovation ecosystem. Selected from among a […]

IMCD acquires Matrix Ingredients operations in Singapore and Malaysia

NETHERLANDS – IMCD, a leading distributor of speciality chemicals and food ingredients, has acquired the food distribution business of Matrix Ingredients in Singapore and Malaysia, for an undisclosed sum. Following the transaction, Maxim Ingredients International Pte. Ltd. and […]

Nestlé expands plant-based range with mince and new-recipe burger

EUROPE – Nestlé is expanding its plant based food range with the introduction of a new ‘cook from raw’ Garden Gourmet Incredible Mince and a new and improved version of its Incredible Burger. The new […]

Nestlé to invest US$245m in Brazil over the next three years to expand production

BRAZIL – Nestlé SA will be investing US$245.75 million (1 billion reais) in Brazil’s Sao Paulo state over the next three years to expand its production capabilities. Nestlé plans to set up new production lines […]

Agricultural trader ETG secures US$128m funding to boost operations

KENYA – The Export Trading Group (ETG), a Kenya-based agricultural commodities trader, is set to receive US$128 million (Sh12.8 bn) funding from financial institutions to enable the firm finance its operations. Lead by the United […]